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PNB Purba Medinipur Labanya Bazar West Bengal MICR CODE

Find MICR Codes for PNB Purba Medinipur Labanya Bazar West Bengal

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Labanya Bazar
Contact 0
Bank Details Punjab National Bank Labanya Bazar PUNB0118620
Location Purba Medinipur, Labanya Bazar
City Purba Medinipur
District Labanya Bazar
State West Bengal
Pincode
Country IN
Address Vill lauda,p.o banamalichatta
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Labanya Bazar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Punjab National Bank , Labanya Bazar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Labanya Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Labanya Bazar

MICR code for PNB Labanya Bazar

PNB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab National Bank MICR code for Labanya Bazar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of PNB Bank for Labanya Bazar branch. MICR code for Labanya Bazar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Punjab National Bank Labanya Bazar is presented in the table alongside.

Use of Punjab National Bank MICR code for Labanya Bazar branch in purba medinipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Labanya Bazar and Punjab National Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of PNB Bank is typically in either of these two font’s: E-138 and CMC-7.